BitConnect is an open source platform where you can buy, sell and sell Bitcoins or BitConnect coins to other members of the community. Bitconnect members interact directly with a P2P platform so they can buy, sell or lend to all other members.
This Paltfrom launched his own crypto currency at the end of November 2016. The sale of Pre ICO was one of the best cryptocurrency sales in the history of online business models.
BitConnect Coin is a decentralized, open-source, peer-to-peer and community cryptocurrency that allows people to deposit and invest money in a non-government-controlled currency, and even a passive one with their investment To earn income.
1-Description of the platform:
BitConnect Coin can be bought and sold online or offline. Most common, however, is the conversion to cryptocurrency trading platforms where you can buy, sell, or trade BitConnect Coin for another electronic money or currency. At the beginning of the publication, the value is 1 B worth $ 0.7. Now the price for BCC is 1 BCCoin = $ 2.04.
There are three ways to earn money with this platform:
1- First you need to save your coins in your BitConnect Desktop Wallet:
Each BCC coin becomes an active investment with a return of 120% per year through PoS reward.
To earn with this method, you must keep these coins in your BitConnect QT portfolio.
2- The mining:
BitConnect Coin can be mined with CPU / GPU and does not need an ASIC minor like Bitcoin. The BCCoin can be dismantled or your laptop or a mining poll.
Properties of BitConnect Coin:
Algorithm: Scrypt (PoW / PoS)
Maximum number of coins: 28 million
Ripe of corners: 50 blocks
Total number of PoW blocks: 262800
PoW Block Reward: 10 BCC
Distance of the blocks: 2 minutes
Minimum age for use: 15 days
Maximum age for use: 90 days
3- The third way to listen to BitConnect is with investments:
You can only invest your Bitcoins or BCCoins into the Bitconnect lending platform through the BitConnect dashboard. This investment option includes the use of the bitconnect trading software and the volatility software. You receive a daily profit based on your investment option. At the end of the investment, you will receive your invested capital.
This means you may be withdrawing it from the loan platform or may reinvest it in the platform to continue making daily profits from your investment.
This loan platform offers 4 investment plans:
Investment start from 100 USD to 1000 USD.
– Daily interest according to Bitcoin volatility software.
– ROI up to 400% (annually).
– You can withdraw your invested capital anytime after 299 days.
Investment from 1010 USD to 5000 USD:
Daily interest rate according to Bitcoin volatility software + 0.1% per day.
ROI up to 436% (annually).
Investments can be withdrawn at any time after 239 days.
– Investment from 5010 to 10,000 USD.
Daily interest rates according to Bitcoin volatility software + 0.2% per day.
-ROI up to 472% (annually).
-Cancell capital anytime after 179 days.
Investment from $ 10010 to $ 100,000.
– Daily interest rate according to Bitcoin volatility software + 0.25% per day.
-ROI up to 490% (annually).
Can withdraw capital at any time after 120 days.
There will be no payout without checking the login shield. The check is performed every time you try to log in with an unrecognized device. You will also receive an e-mail to confirm the withdrawal. This step is to ensure that hackers can not penetrate.
Bitconnect.co You will receive your capital at the end of the period in which you have agreed to lend some money. The borrowed money will be used to acquire facilities to mine more Bitconnect coins purchased at higher prices. The interest in the process is shared Bitconnect.co and the lender. Investors can lend USD or Bitconnect coins.
Another form of investment is the deposit of Bitcoin. You will receive a bitcoin address to which you can send some bitcoins.
Bitconnect.co has 7 levels of referral bonus in the order: 7% -3% -1% -1% -0.5% -0.3% -0.2% from level 1 to 7. This is a great chance to earn more than you've ever dreamed of , Your referral link is ready at the time of registration. You can find it in the top left corner of your dashboard. The bonus is only valid if your referral lends money. Commissions are immediately paid to the affiliate's Bitconnect purse and can be instantly withdrawn as BCC or BTC.
If BitConnect Coin is familiar to you, it is because this is a form of cryptocurrency that is actually traceable on the public market. You can easily generate your BitConnect Coin wallet and search for coins to make money, but the BitConnect MLM option really has nothing to do with it.
People who join BitConnect invest real money (either Bitcoin or USD) and convert it into BitConnect coins. The coins are then parked for either 120 or 299 days in the BitConnect company, resulting in an ROI.
The ROI of 40% per month offered to affiliates is allegedly achieved through the company's "Bitconnect Trading Bot and Volatility Software". However, there is no information to prove that this software actually exists or does anything at all.
At the end of the day, the only money BitConnect generates is generated from connected investments.
Newly invested funds are turned over and recycled to pay out the ROI of existing members. BitConnect turns into a Ponzi system.
What's worse, the variable nature of the offered ROI leads to an extremely slow collapse of the opportunity. This means that the anonymous administrator has plenty of time to build a decent piece of chain and then run without anyone tending to be smarter. At the same time, most affiliates remain.
The affiliate program is based on 3 levels, the first level is 5%, the second level is 3% and the third level is 2%.
3-Information for payment:
You can make deposits and withdrawals with: Bitconnect (BCC) and Bitcoin (BTC).
The minimum amount to invest is: 10 USD
The minimum withdrawal amount is: 1 USD
4-Other information about the website:
Alexa Ranking: 10000
Website language: English, French and Arabic
5-My report on the website:
The real risk in our lives is if we take no chances, Bitconnect may just be a Ponzi scheme and a scam, and maybe it's real because this crypto-crime is listed on Coinmarketcap and many other bartering sites. Just one piece of advice I can give you, do not invest what you fear in such an online business.
You can join the site here